Bulgarian Farmers to Receive BGN 300 Million Aid Amid Russia-Ukraine Crisis
In a bid to support its agricultural sector amidst the ongoing tensions stemming from Russia's war against Ukraine, Bulgaria announces a significant aid package for farmers
According to the first estimate of Economic Accounts for Agriculture, the final output at basic prices of the agricultural industry in 2019 amounted to BGN 8,318.0 million, or 1.7% lower than in 2018. The decrease was mainly due to drop in the volumes – by 1.9%, the National Statistical Institute (NSI) said in a press release.
The value of crop production amounted to BGN 5,708.7 million, down 1.1% compared to 2018. The decrease was in result of drop in the volumes by 0.8% and drop in the prices by 0.3%. The livestock production was estimated at BGN 1,917.8 million and also marked a drop of 3.6% year-on-year. The decrease was due to a drop of 5.6% in volumes.
The value of means of production currently consumed in agriculture in 2019 amounted to BGN 4,577.4 million, which was 4.5% lower year-on-year and was due to a drop in the volumes by 6.2%.
Gross value added at basic prices produced in agriculture in 2019 was estimated at BGN 3,740.6 million and was by 2.1% higher than in 2018. The growth was as result of increase in the volumes - by 3.8%, which compensated for the fall in the prices - by 1.6%.
The value index of income at factor cost decreased by 1.9% and net operating surplus/mixed income - by 3.2%, which was due to the decrease of volume in output and received subsidies in agriculture compare to 2018. In comparison to 2018 the value index of net entrepreneurial income in agriculture in 2019 dropped by 8.8%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022